Cities
Des Plaines, IL
Naperville, IL
Niles, IL
Oak Park, IL
Oswego, IL
Plainfield, IL
Diet
Ideal Protein Protocol
Ideal Protein Alternatives
Keto Diet
Weight Watchers
Finance
Budgeting For Moms
Personal Finance
Interests
Cleaning Tips
Gardening Tips
Travel Tips
Marketing
Facebook Ads
Google AdWords
Search Engine Optimization
Tech
Arlo Cameras
Ring Home Security
Smart Home
SmartThings
☰
Login
Remember
Register
Budgeting For Moms Group
Questions
Popular
Tags
Users
Ask a Question
About
Budgeting For Moms
Questions
Hello! What are the differences between sinking...
Hello! What are the differences between sinking funds and extra savings areas?
+5
votes
asked
Mar 1, 2020
by
cyrillic
(
370
points)
Hello! What are the differences between sinking funds and extra savings areas?Hello! What are the differences between sinking funds and extra savings areas? Are the extra debt areas for things like cc bills?
savings
funds
debt
Please
log in
or
register
to answer this question.
2
Answers
+5
votes
answered
Mar 1, 2020
by
burris
(
700
points)
Best answer
I use the sinking funds to save for things like Christmas and car repairs. The extra savings is the cushion I leave at the end of each paycheck in my account (usually $30-100). The debt area is where I put anything I pay to my snowball
Please
log in
or
register
to add a comment.
+4
votes
answered
Mar 1, 2020
by
cyrillic
(
370
points)
Thank you all
Please
log in
or
register
to add a comment.
The Budgeting For Moms Group
is where you can always find questions, answers, advice, reviews & recommendations from other community members about
mothers making smart financial decisions and budget goals
.
Most popular tags
money
credit
budget
husband
savings
payment
save
interest
account
paycheck
paid
student
house
payments
insurance
income
home
envelopes
bills
school
Related questions
+4
votes
2
answers
What is the difference between sinking funds and extra savings?
asked
Feb 24, 2020
by
theressa
(
970
points)
envelopes
savings
budget
+1
vote
1
answer
For those with Capital One 360 savings accounts and using sinking funds-Do you do a different savings account for each of your sinking funds or just a single account, but keep track of each sinking fund?
asked
Feb 13, 2020
by
zug
(
2.7k
points)
savings
account
funds
+1
vote
0
answers
I have a sinking funds question and need some input on how you guys would set yours up in this situation, please!
asked
Feb 24, 2020
by
janis
(
260
points)
savings
budget
funds
plan
+100
votes
74
answers
Curious to hear people's thoughts: if you came into a bit of extra money, would you use it to fill up your sinking funds or pay off debt?
asked
May 13, 2020
by
olli547
(
400
points)
funds
0
votes
0
answers
Hi everyone Question- I have my main accounts with BOA and I just recently opened a checking & savings with Ally for sinking funds.
asked
Mar 5, 2020
by
moreau
(
3.3k
points)
savings
money
...